Abercrombie & Fitch Company $ANF Stock: Access Investment Management LLC Cuts Position

Key Points

• Access Investment Management LLC reduced its Abercrombie & Fitch stake by 13.6% in the third quarter, selling 8,265 shares and retaining 52,405 shares worth approximately $7.1 million.
• Other major institutions, including Dimensional Fund Advisors, Arrowstreet Capital, Bank of America and Allspring Global Investments, increased their positions in ANF, while company insiders sold 72,800 shares worth about $9.6 million over the past three months.
• Abercrombie reported quarterly EPS of $4.17, well above the $1.99 consensus estimate, on $1.27 billion in revenue. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $157.21.

Access Investment Management LLC lowered its stake in shares of Abercrombie & Fitch Company (NYSE:ANF - Free Report) by 13.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,405 shares of the apparel retailer's stock after selling 8,265 shares during the period. Abercrombie & Fitch comprises 1.8% of Access Investment Management LLC's portfolio, making the stock its 24th largest holding. Access Investment Management LLC owned 0.12% of Abercrombie & Fitch worth $7,058,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ANF. Dimensional Fund Advisors LP boosted its stake in shares of Abercrombie & Fitch by 15.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,596,177 shares of the apparel retailer's stock worth $145,823,000 after acquiring an additional 208,709 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Abercrombie & Fitch by 41.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,310,296 shares of the apparel retailer's stock valued at $119,722,000 after purchasing an additional 384,845 shares in the last quarter. Bank of America Corp DE increased its stake in Abercrombie & Fitch by 12.3% in the 1st quarter. Bank of America Corp DE now owns 486,134 shares of the apparel retailer's stock valued at $44,418,000 after purchasing an additional 53,161 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Abercrombie & Fitch by 30.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 257,474 shares of the apparel retailer's stock valued at $24,269,000 after purchasing an additional 60,454 shares in the last quarter. Finally, Baird Financial Group Inc. acquired a new position in Abercrombie & Fitch during the second quarter worth $20,035,000.

Insider Activity

In related news, COO Scott Lipesky sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $146.82, for a total transaction of $293,640.00. Following the sale, the chief operating officer owned 145,534 shares in the company, valued at approximately $21,367,301.88. This trade represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth Robinson sold 800 shares of Abercrombie & Fitch stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $149.69, for a total transaction of $119,752.00. Following the completion of the sale, the director directly owned 7,169 shares of the company's stock, valued at $1,073,127.61. The trade was a 10.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 72,800 shares of company stock worth $9,595,392 in the last three months. 2.33% of the stock is owned by insiders.

Abercrombie & Fitch Stock Down 0.2%

Shares of NYSE:ANF opened at $155.52 on Monday. Abercrombie & Fitch Company has a 52-week low of $65.45 and a 52-week high of $163.82. The stock's fifty day simple moving average is $138.97 and its 200-day simple moving average is $107.16. The company has a market capitalization of $6.60 billion, a P/E ratio of 13.31, a P/E/G ratio of 1.36 and a beta of 1.02.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The apparel retailer reported $4.17 EPS for the quarter, beating analysts' consensus estimates of $1.99 by $2.18. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. Abercrombie & Fitch had a return on equity of 33.52% and a net margin of 10.03%. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.91 earnings per share. Abercrombie & Fitch has set its Q3 2026 guidance at 2.900-3.200 EPS and its FY 2026 guidance at 13.100-13.600 EPS. On average, sell-side analysts anticipate that Abercrombie & Fitch Company will post 11.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on ANF. Weiss Ratings upgraded Abercrombie & Fitch from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, October 16th. Telsey Advisory Group raised their price target on Abercrombie & Fitch from $118.00 to $165.00 and gave the company an "outperform" rating in a research report on Thursday, August 27th. BMO Capital Markets assumed coverage on Abercrombie & Fitch in a research report on Tuesday, September 8th. They issued an "outperform" rating and a $170.00 price target for the company. Zacks Research raised Abercrombie & Fitch from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 28th. Finally, Argus upgraded shares of Abercrombie & Fitch from a "hold" rating to a "buy" rating and set a $162.00 price objective on the stock in a research report on Monday, August 31st. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Abercrombie & Fitch has an average rating of "Moderate Buy" and a consensus price target of $157.21.

About Abercrombie & Fitch

Abercrombie & Fitch Co is a global specialty retailer that sells apparel, accessories and personal-care products through stores and digital channels. Its portfolio includes Abercrombie & Fitch, abercrombie kids, Hollister and Gilly Hicks, with products designed for consumers across a range of life stages and lifestyles.

The company's offerings include casual clothing, denim, dresses, tops, outerwear, intimates, activewear, swimwear, footwear, accessories and fragrances. Abercrombie & Fitch serves customers through company-operated and franchise stores, as well as branded websites and other digital platforms, in the United States and selected international markets.

Founded in 1892 as an outdoor and sporting-goods retailer, the company later developed into a fashion retailer focused on casual apparel.

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